Even the U.S.-China trade spats, cited by multiple observers as an international risk, might have a weaker-than-expected effect on Canada’s overall strength.

“Right now everybody is talking about the gloom scenario, but we’ve seen signs of optimism in recent weeks that they are making progress behind the scenes, and if they do resolve all of that, well, that’ll be a source of brand new lift to the global economy, and I think then we can see this expansion continue on for quite some time.”

Among the economy’s sources of robustness are 40-year lows in unemployment numbers, along with an “on target” inflation rate.

“The picture’s much better than we were in say, two or three years ago.”